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Small-Cap Stocks Advance,
Outperforming Blue Chips

By

Larry Bauman Dow Jones Newswires

Updated April 12, 1999 12:01 a.m. ET

NEW YORK -- It may only be a one-day wonder, but small stocks ruled the roost on Friday.

That small-capitalization stocks outperformed the rest of the stock market, on a day when the overall Nasdaq market rose moderately to make a new high for the Nasdaq Composite Index, was rare. Recently, the small-stock group has had a pattern of underperformance. Even as the Nasdaq composite (which is dominated by big technology stocks, along with...